In November, 228,000 jobs were added according to economy according to the Bureau of Labor Statistics. FiveThirtyEight Visual Journalist Julia Wolfe breaks down the meaning of this report.
Wolfe says these numbers are more of an estimate, and will be revised over the coming months. Wolfe says the Bureau of Labor Statistics says the first report could range by 120,000. So a number that first seems impressive could change drastically over the coming months as more data surfaces.
Looking at the last five years, it's clear we are seeing growth in the economy, says Wolfe. When looking at future jobs reports, Wolfe says it's imperative people look at revised numbers from past months.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
